Name
Lee Ho-jin
Lee Ho-jin
Seoul, South Korea
Bachelor of Arts/Science, Seoul National University | Master of Business Administration, Samuel Curtis Johnson Graduate School of Management
South Korea
Taekwang Industrial
diversified
$1,700,000,000
1511
#16 Korea's 50 Richest 2019
#1511 Billionaires 2019
Lee Ho-jin is a former chairman of Taekwang Industrial, a manufacturer that became synonymous with Korea's textile and petrochemical prowess.He rose to chairman after his oldest brother, Lee Sik-jin, died. He has now stepped down and is struggling against liver cancer.In 2011, he was sentenced to 54 months in prison for embezzling $128 million from the company but has been out on bail due to his illness. 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Lee is credited for diversifying the group into media and entertainment.His mother sold clothes in a Busan market and provided the seed money to start Taekwang, which began as a textile company.
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